Menu Close

3 Revealing Reasons Your Financial Spouse Sucks

Financial Spouse

THIS PAGE MAY CONTAIN AFFILIATE LINKS. MEANING I RECEIVE COMMISSIONS FOR PURCHASES MADE THROUGH THOSE LINKS, AT NO COST TO YOU. PLEASE READ MY DISCLOSURE FOR MORE INFO.

Does your husband suck or does your wife suck or both of you suck when it comes to financial matters?  Knowing this can make all the difference in how you succeed with money but more importantly as a happy couple.  According to marriage.com money is the #2 reason for divorce just behind infidelity.  

Only one is making enough to barely run the household living paycheck to paycheck.  The other spouse has no ambition to earn money making it a tough situation to manage expenses and income. One spouse is spending to carelessly or conversely they are frugal where it is not fun to be around. 

There is a myriad of reasons that money can become the base of the divorce.    Even after the divorce money will be an issue with kids involved in the divorce in the form of alimony.

#1 LACK OF COMMUNICATION WITH MONEY

Being financially compatible with your partner is an important aspect to take seriously.  This compatibility will go a long way for the both of you to be successful together.  

Money should be an open conversation where all the cards are laid out for everyone to see and understand between the couple.  Hiding debt/money or changing your money habits while you are with your spouse to avoid arguments does no one good.   This will just feed a poor detrimental habit of not discussing faults and wins with money. 

Talk about money and talk about it often before you say your vows.  Ensure you are comfortable with their debts, their spending/saving habits, their risk taking in investments.   Weddings and divorce are costly, way more than just having that discussion up front.   

#2 BAD MONEY HABITS

If you observe each other and everything is great except their behavior in relation to money then you have already cut your odds for a successful marriage.   She may have a great sense of humor but pisses money way impressing strangers. He jumps at every investment opportunity that he can get his hands on. Eventually that sense of humor will run dry when the bank account does as well.  

Living frugally can be just as much as a deal breaker as well.  Not seeing eye to eye on frugality at whatever level can be viewed by the spouse as controlling or suppression for items needed or wanted.    If you are both big spenders or extreme frugal or somewhere in the middle, you both have to buy into that lifestyle and own it. 

Do you have to agree on everything, no. But you have to be close enough to respect one another with monetary behavior.   Get on the same page even if you are now married, it is never too late.  Arrive to a common ground by talking to your spouse about what you expect and what they expect. 

Even if you think you are close, talk.  You will still find out things that you assumed were not there.   Not going to promise that this will not start a heated discussion or an emotional one. You will air it out and you will be better for it especially when communication is the #3 reason for divorces.  Talk Talk Talk! 

#3 THEY ARE SLOWING THE FAMILY DOWN 

Beyond avoiding divorce, getting on the same page has other benefits that are more lucrative than avoiding paying a divorce lawyer.   Staying on the same page allows you to reach your financial goals whatever they may be. 

Two people acting in unison is a much more efficient than going in complete different directions.   Once goals are aligned reaching them together makes all the worthwhile and satisfying.  It is a team effort at all times, so act like one!

If your goal is to retire in your 30/40s with the bare minimum needed for financial independence or 65 with multi million nest egg that you can pass off to your heirs, working together will be the most efficient to achieve it.  

My wife and are close enough financially on how we spend our money, save it and invest it.  We have had numerous healthy (some heated) discussion about what are goals are and how we view money. We focus on our needs and occasionally buy what we want if we come into money we were not expecting. She leaves the investing to me but I still discuss it with her so I have her buy into even though she trust me not to blow our money away (thanks honey!) 

DON’T LET YOUR KIDS SUCK 

To me the most important reason to be on the same pages is to teach your kids money habits that align to your family goals. Hopefully setting themselves up for even a better situation than you. A unified message to the kids shows how to cooperate with one another especially their spouse to achieve goals in life.   Would you rather argue about money where you kids seeing you or hearing you from the next room over? 

Good money habits early on that they follow all but leads to a guarantee that they won’t live at home on a permanent basis.   Kids further will have the tools help themselves make more sensible decision if they see their parents doing the same.  Kids mimic your behavior and attitudes, why not teach them good money habits.

Action Steps:

  1.  Setup a time where you can talk to each other candidly about monetary expectations and behavior.  Ideally with no distractions from kids or work emails/calls. 
  2. Set common goals of 5, 10, 20 years where you want to be financially.   
  3. Talk to your kids about how you spend money and explain why you are doing what you are doing.   Assuming your kids are at an age where they have a concept of money.  I would suggest around 7-8 you start to explain how and why you are doing with money.    They may not understand everything but repetition is the key driver here.  

Please follow and like us:
error

99 Comments

  1. Crave Canada

    Wow! This could be one particular of the most beneficial blogs We have ever arrive across on this subject. Basically Fantastic. I am also a specialist in this topic therefore I can understand your hard work.

  2. Escort Berlin

    I will immediately grasp your rss feed as I can not in finding your e-mail subscription link or e-newsletter service. Do you’ve any? Kindly permit me understand in order that I may subscribe. Thanks.

  3. Australia background check

    Hello! Someone in my Facebook group shared this website with us so I came to check it out. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Outstanding blog and fantastic design.

  4. Read More...

    Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently rapidly.

  5. mind tools

    Normally I don’t read post on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been amazed me. Thanks, quite nice post.

  6. spiri tv

    F*ckin’ tremendous things here. I’m very happy to see your article. Thank you a lot and i’m having a look ahead to contact you. Will you please drop me a mail?

  7. teachings

    Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam comments? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.

  8. christ jesus

    Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and all. However just imagine if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with images and videos, this blog could definitely be one of the greatest in its field. Great blog!

  9. the christ

    Thank you for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more clear from this post. I am very glad to see such great info being shared freely out there.

  10. http://tinyurl.com/

    Great post. I used to be checking constantly this blog and I am inspired!

    Very helpful information specially the closing phase
    🙂 I deal with such information much. I used to be seeking this particular info
    for a very lengthy time. Thank you and good luck.

  11. https://cbdistic.com/

    Hello would you mind sharing which blog platform you’re working with? I’m looking to start my own blog in the near future but I’m having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S Apologies for getting off-topic but I had to ask!

  12. plenty of fish dating site

    Hi there, just became aware of your blog through Google, and found that
    it’s truly informative. I’m gonna watch out for brussels.
    I’ll appreciate if you continue this in future. Lots of people will be benefited
    from your writing. Cheers!

  13. click here for info

    of course like your web-site but you have to check the spelling on quite a few of your posts. Several of them are rife with spelling issues and I find it very bothersome to tell the truth nevertheless I’ll certainly come back again.

  14. right here

    Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  15. quest bars cheap

    I am now not positive where you are getting your information, however great topic.
    I needs to spend some time finding out more or working out
    more. Thanks for fantastic info I used to be on the lookout for this info for my mission.

  16. quest bars cheap

    Magnificent beat ! I would like to apprentice even as you amend
    your website, how could i subscribe for a weblog web site?
    The account helped me a appropriate deal.
    I were a little bit acquainted of this your broadcast offered
    shiny clear concept

  17. BBBJ Escorts

    Heya i’m for the primary time here. I came across this board and I find It really helpful & it helped me out much. I hope to provide something again and help others such as you helped me.

  18. Upscale Escorts

    Hi this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get guidance from someone with experience. Any help would be enormously appreciated!

  19. ps4 games

    Your style is unique compared to other folks I’ve
    read stuff from. I appreciate you for posting when you have
    the opportunity, Guess I will just bookmark this web
    site.

  20. Freebies

    I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

  21. aweber

    An impressive share! I have just forwarded this onto a
    colleague who has been conducting a little homework on this.
    And he actually ordered me lunch simply because I stumbled upon it for him…
    lol. So let me reword this…. Thank YOU for the meal!! But yeah,
    thanx for spending some time to talk about this topic here on your website.

  22. quest bars cheap

    Hi there! Someone in my Facebook group shared this website with us so I came to give it a look.
    I’m definitely loving the information. I’m book-marking
    and will be tweeting this to my followers!
    Outstanding blog and wonderful design.

  23. our site

    I’ve been absent for some time, but now I remember why I used to love this site. Thanks , I¦ll try and check back more often. How frequently you update your web site?

  24. find

    It’s in point of fact a nice and helpful piece of info. I am happy that you just shared this helpful info with us. Please stay us up to date like this. Thank you for sharing.

  25. visit site

    There are some attention-grabbing deadlines in this article but I don’t know if I see all of them center to heart. There may be some validity but I’ll take maintain opinion till I look into it further. Good article , thanks and we want more! Added to FeedBurner as effectively

  26. ps4 games

    Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire
    actually enjoyed account your blog posts. Anyway I will be subscribing to your
    feeds and even I achievement you access consistently rapidly.

  27. melamine board

    A formidable share, I just given this onto a colleague who was doing somewhat evaluation on this. And he actually bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love studying more on this topic. If doable, as you turn out to be expertise, would you mind updating your blog with extra particulars? It’s extremely helpful for me. Large thumb up for this weblog submit!

  28. coconut oil

    hello!,I like your writing very much! percentage we keep up a correspondence extra about your
    post on AOL? I require a specialist in this house to unravel my problem.
    Maybe that’s you! Having a look ahead to look you.

  29. try url

    That is the suitable weblog for anybody who wants to find out about this topic. You understand a lot its nearly onerous to argue with you (not that I actually would need…HaHa). You positively put a brand new spin on a subject thats been written about for years. Nice stuff, just nice!

  30. click this over here now

    Hiya, I’m really glad I have found this information. Today bloggers publish only about gossips and net and this is really annoying. A good website with interesting content, this is what I need. Thank you for keeping this web-site, I will be visiting it. Do you do newsletters? Can’t find it.

  31. coconut oil

    Excellent beat ! I wish to apprentice while you amend your
    site, how could i subscribe for a blog website? The account
    aided me a acceptable deal. I had been a little bit acquainted of this
    your broadcast provided bright clear concept

  32. Kreditvergleich

    An interesting discussion is value comment. I feel that you should write more on this topic, it might not be a taboo subject however generally people are not enough to speak on such topics. To the next. Cheers

  33. Darlehen

    Hello, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can suggest? I get so much lately it’s driving me crazy so any assistance is very much appreciated.

  34. match.com free trial

    hello there and thank you for your info – I have definitely picked up something new from right
    here. I did however expertise some technical points using this web
    site, since I experienced to reload the web site a lot of times
    previous to I could get it to load properly. I had been wondering
    if your web hosting is OK? Not that I’m complaining, but sluggish loading instances times will often affect your placement in google and can damage your high-quality score if ads and marketing with Adwords.
    Well I’m adding this RSS to my email and could look out for
    much more of your respective interesting content. Ensure
    that you update this again soon.

  35. https://russellwebster.tumblr.com/

    Hello there, I believe your site could possibly be having web
    browser compatibility problems. Whenever I take a look at your website in Safari, it looks fine however
    when opening in I.E., it’s got some overlapping issues.
    I simply wanted to provide you with a quick
    heads up! Other than that, wonderful blog!

  36. tinyurl.com

    Hey there just wanted to give you a quick heads up.

    The text in your content seem to be running off the screen in Chrome.

    I’m not sure if this is a formatting issue or something to do with web browser compatibility but I figured
    I’d post to let you know. The design and style look great though!
    Hope you get the problem resolved soon. Cheers

  37. sling tv

    I’m amazed, I must say. Seldom do I encounter a blog that’s equally educative and engaging, and
    without a doubt, you’ve hit the nail on the head. The issue is something which not enough people are speaking intelligently
    about. I am very happy that I stumbled across this
    during my hunt for something regarding this.

  38. sling tv

    Hello are using WordPress for your blog platform? I’m new to the blog world
    but I’m trying to get started and create my own. Do you require any html coding expertise to make your own blog?
    Any help would be greatly appreciated!

  39. sling tv

    Hi there, i read your blog from time to time and i own a similar one and
    i was just curious if you get a lot of spam remarks? If so how do you stop it,
    any plugin or anything you can suggest? I get so much lately it’s driving me insane so any assistance is very much appreciated.

  40. sling tv

    Hey very nice blog!! Man .. Excellent .. Superb .. I’ll bookmark your
    site and take the feeds additionally? I am glad to
    seek out so many helpful information here within the post, we need work out more strategies in this regard,
    thanks for sharing. . . . . .

Leave a Reply

Your email address will not be published. Required fields are marked *